BHEL Reported Q4 Results: Net Profit Declined by 25.6%

Bharat Heavy Electricals Limited (BHEL) is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacturer. It is owned by the Government of India, with administrative control by the Ministry of Heavy Industries. The PSU company has received its Q4 FY 2023-24 results today after market hours.

Q4 Performance of BHEL Ltd.

The PSU Company Bhel Limited’s total income for this quarter has remained flat on a year-on-year basis and the profit after tax has shown a fall of 25.6% in Q4 FY 2023-24 from Q4 FY 2022-23. While on EBITDA basis margins have contracted to 8.8%.

The company has also declared a dividend of Rs.0.25 per share.

The Government’s Increased Capex has fuelled energy in the stock

BHEL Ltd.’s stock has delivered returns of more than 270% over the past year on the back of strong investor confidence for PSU stocks and the increased Capital expenditure by the government in the areas of railway and defense by emphasizing the ‘Make in India’ move.

BHEL Ltd. has been maintaining a strong order book, The company’s order book has crossed the amount of Rs.1,00,000 crores in FY24, this order book has been more than doubled over the past year. 

Conclusion: The company has received a slide of 25.6% in its net profits, The revenue from operations on the other hand has remained flat for this quarter on a year-on-year basis. As the company has reported its results after market hours, any reaction to these results will take place tomorrow. The stock of BHEL Ltd. closed at Rs.319.20 up by 2.85% today.

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